Brief: Pacray International Expects Increase In Revenue By About 21.3% To About Hk$74 Mln For Year

Sky Blue 11

24/03/2020 15:07

March 24 (Reuters) - PacRay International Holdings Ltd
 1010.HK :
    * EXPECTED THAT GROUP WILL RECORD INCREASE IN REVENUE BY
ABOUT
21.3% TO ABOUT HK$74 MILLION FOR YEAR
    * EXPECTED RESULT DUE TO STABLE PERFORMANCE OF DESIGN AND
SALES OF
INTEGRATED CIRCUIT AND SEMI-CONDUCTOR PARTS
    * PACRAY INTERNATIONAL HOLDINGS LTD -  EXPECTED INCREASE IN
GROSS
PROFIT BY ABOUT 81.8% FOR YEAR
    * EXPECTED GROUP TO RECORD DECREASE IN LOSS FOR YEAR TO
HK$25
MILLION VERSUS HK$40 MILLION IN 2018
    * RECOVERABILITY OF RECEIVABLES OF ABOUT HK$23 MILLION FROM
A
CUSTOMER DETERIORATED DUE TO COVID-19 OUTBREAK
    * COVID-19 OUTBREAK HAS INTERRUPTED OPERATION OF GROUP IN
SHENZHEN, BEIJING AND SHANGHAI


Further company coverage:  1010.HK 

 ((Reuters.Briefs@thomsonreuters.com;))